US Fed cuts key lending rate by larger half-point in first reduction since 2020
- Posted on September 18, 2024
- By Le Monde
- 3 Views
US Fed cuts key lending rate by larger half-point in first reduction since 2020
The US Federal Reserve's decision on Wednesday will affect the rates at which commercial banks lend to consumers and businesses, bringing down the cost of borrowing on everything from mortgages to credit cards.
